Accelerating insurance policy reviews with generative AI: Verisk’s Mozart companion

Verisk has developed a generative AI-powered companion for their Mozart platform that accelerates insurance policy document reviews by comparing and summarizing changes rapidly.

• Uses Amazon Bedrock and Anthropic's Claude 3 Sonnet model to compare policy documents
• Reduces policy change adoption time from days/weeks to minutes
• Processes policy documents stored in Amazon S3 using advanced embedding and vector database techniques
• Implements rigorous evaluation criteria including accuracy, consistency, and context adherence
• Achieved over 90% good or acceptable summaries through iterative improvements

The solution demonstrates how generative AI can transform workflow efficiency in the insurance industry by providing rapid, accurate document comparisons with strong governance and responsible AI practices.